Japan's Fujifilm is set to take over Xerox in a $6.1 billion, creating a joint venture.

Fujifilm will use bank debt to buy a 50.1% stake in new Xerox shares.

The combined company will keep the Fuji Xerox name and become a subsidiary of Fujifilm.

(Reuters) - Japan's Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing...